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Toyota Tsusho (8015) · InitiativeRestated

Automotive lithium battery production by Toyota Battery Manufacturing, North Carolina

First written in FY2022-Q3. 2 of 6 entries say "Restated". Latest entry: FY2024.

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ProgressHeldSoftenedWorseFirst statedFY2022-Q3 – FY2022AdvancedFY2024-Q1 – FY2024-Q32022: 220222023: 220232024: 22024
Same theme, other companies
Automotive lithium battery production by Toyota Battery Manufacturing, North CarolinaA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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Full recordFilings, disclosures and news, newest first
  1. FY2024RestatedAnnual report

    「In November 2023, we announced an additional investment of approximately US$370 million, together with Toyota Motor North America, Inc., in Toyota Battery Manufacturing, Inc., which is currently under construction, to increase production capacity for batteries used in battery electric vehicles. This will bring total investment to approximately US$750 million.」

    Reaffirmed the additional investment of approximately US$370 million in Toyota Battery Manufacturing and total investment of approximately US$750 million.
  2. FY2024-Q3RaisedAnnual report

    「In November 2023, we announced an additional investment of approximately US$370 million, together with Toyota Motor North America, Inc., in Toyota Battery Manufacturing, North Carolina, the company currently constructing an automotive battery production facility, to increase production capacity for batteries used in battery electric vehicles. This will bring total investment to approximately US$750 million. We will produce and supply the lithium-ion batteries needed for electric vehicles, for which demand is expanding, and contribute to achieving carbon neutrality.」

    Expanded the additional investment in Toyota Battery Manufacturing, North Carolina from approximately US$210 million to approximately US$370 million, bringing total investment to approximately US$750 million and advancing efforts to increase automotive battery production capacity.
  3. FY2024-Q2AdvancedAnnual report

    「In June 2023, the Group announced an additional investment of US$210 million in Toyota Battery Manufacturing, North Carolina, the automotive battery production company currently under construction, together with Toyota Motor North America, Inc., to lay the groundwork for future expansion in anticipation of increased demand for lithium-ion batteries. The Group will produce and supply the lithium-ion batteries needed for electric vehicles, whose demand is expanding, and contribute to achieving carbon neutrality.」

    Announced an additional investment of US$210 million in Toyota Battery Manufacturing, North Carolina in preparation for future production expansion, strengthening the supply base for automotive batteries.
  4. FY2024-Q1AdvancedAnnual report

    「In June 2023, the Group announced an additional investment of US$210 million in Toyota Battery Manufacturing, North Carolina, the automotive battery production company currently under construction, together with Toyota Motor North America, Inc., to lay the groundwork for future expansion in anticipation of increased demand for lithium-ion batteries. The Group will produce and supply the lithium-ion batteries needed for electric vehicles, whose demand is expanding, and contribute to achieving carbon neutrality.」

    Announced an additional investment of US$210 million in Toyota Battery Manufacturing, North Carolina in preparation for future production expansion, strengthening the supply base for automotive batteries.
  5. FY2022RestatedAnnual report

    「In November 2021, the Group participated in the establishment of Toyota Battery Manufacturing, North Carolina, a joint venture producing automotive lithium-ion batteries, with the aim of contributing to the transition to a decarbonized society. It will continue preparations for the company's operations to commence in 2025.」

    The Group reaffirmed its participation in the establishment of the automotive lithium-ion battery joint venture and preparations for operations to commence in 2025.
  6. FY2022-Q3First statedAnnual report

    「In November 2021, the Group established the joint venture Toyota Battery Manufacturing, North Carolina to produce automotive lithium-ion batteries, with the aim of contributing to the transition to a decarbonized society. It will continue preparations for operations to commence in 2025.」

    A joint venture producing automotive lithium-ion batteries was established in November 2021, and preparations for operations to commence in 2025 were outlined.
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Toyota Tsusho's next results are scheduled for 2026-10-29. Read the earnings preview
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Automotive lithium battery production by Toyota Battery Manufacturing, North Carolina | TOYOTA TSUSHO CORPORATION (8015) | Komori